skip to main content

Listen

Read

Watch

Schedules

Programs

Events

Give

Account

Donation Heart Ribbon

Mexico’s Peso Weakens to New Record Low

Mexico's battered peso has weakened to a new record low of 15.3 against the dollar. The peso's fall came as the Dow Jones industrial average plunged below 7,000 Monday for the first time in more than 11 years.

The Mexican currency its previous low of 15.09 against the dollar on Friday.

Mexico sends 80 percent of its exports to the United States and has been pummeled by the U.S. downturn. Mexico's central bank has sold more than $18 billion dollars since October to try to stop the peso's fall.

The peso has lost about 30 percent of its value against the dollar since August despite the bank's efforts.
 

Please stay on topic and be as concise as possible. Leaving a comment means you agree to our Community Discussion Rules. We like civilized discourse. We don't like spam, lying, profanity, harassment or personal attacks.

comments powered by Disqus